Stock market and macro analysis: for the past decade markets rewarded bits over atoms, software over materials, platforms over production. Tavi Costa, founder and CEO of Crescat Capital and a mining entrepreneur who owns a producing silver mine, says that era is ending. He produces silver at $15 an ounce while it trades at $60. Gold fell from $5,600 to $4,000 but he calls it a normal correction in a secular bull market where structural demand from central banks remains intact and CapEx is still historically depressed. The best AI metal is not copper, it is zinc. Decades of underinvestment in mining cannot be fixed in two years. When miners start showing operational leverage with margins better than tech companies, the real rotation begins. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapte...